Shenzhen Image: VCG

China’s Point out Council, the country’s cupboard, issued the Advancement Program for Shenzhen Park of the Hetao Shenzhen-Hong Kong Science and Know-how Innovation Co-operation Zone on Tuesday, highlighting the particular tasks and targets for connectivity concerning Shenzhen, South China’s Guangdong Province and the Hong Kong Distinctive Administrative Region (HKSAR) in know-how and finance, the two critical sectors that have the most possible for collaboration in the region.

The strategy provides a apparent timetable for collaboration in technological innovation involving the Chinese mainland and the HKSAR, although extending achievable results from the collaboration.

Officers and authorities said that the prepare aims to give whole engage in to the HKSAR’s exceptional positive aspects as backed by the motherland, whilst actively facilitating the larger connection of the Guangdong-Hong Kong-Macao Greater Bay Region (GBA) in important regions these as technology and finance.

The Hetao Shenzhen-Hong Kong Science and Technological innovation Innovation Co-operation Zone is made up of a park of about 300 hectares on the Shenzhen facet, and a further park of 87 hectares on the Hong Kong facet.

The Development Program for Shenzhen Park has steps masking areas this sort of as the enhancement positioning, objectives, general structure and infrastructure layout of the Shenzhen Park, as properly as collaboration with the HKSAR to market worldwide innovation and technological know-how progress (I&T).

The new actions goal to boost significant-high-quality I&T improvement of the GBA, and help the cooperation zone to turn out to be a environment-class innovation system and an engine to drive I&T improvement in neighboring cities.

According to the approach, by 2025, an successful collaborative mechanism for engineering and innovation in between Shenzhen and the HKSAR will be founded, yielding effects in open up cooperation for technological innovation and innovation.

This approach encompasses the establishment of research administration techniques that align comprehensively with the expectations of the HKSAR as effectively as worldwide standards. This is predicted to direct to the aggregation of a cluster of key laboratories and fantastic study facilities in beneficial disciplines from the HKSAR and the international community, as well as prime-notch enterprise investigate and improvement centers, according to the approach.

HKSAR Chief Government John Lee Ka-chiu welcomed the central government’s promulgation of the approach in an open up assertion on Tuesday, indicating that the HKSAR would carry on to actively collaborate with Shenzhen to consider forward the development of the Hetao Shenzhen-Hong Kong Science and Technological innovation Innovation Co-operation Zone, leveraging the comparative positive aspects of the two areas.

Liang Haiming, the dean of Hainan University’s Belt and Highway Exploration Institute, instructed the World-wide Occasions on Wednesday that there are numerous significant highlights of the approach, including the exploration of secure and orderly cross-border flows of worldwide internet facts, which is a totally new enhancement.

“This will help in driving even more integration concerning Shenzhen and Hong Kong, and also contribute to the technological and economic improvement of the Guangdong-Hong Kong-Macao GBA, though at the same time solidifying and advancing Hong Kong’s placement as an intercontinental money hub,” Liang further more observed.

“Irrespective of whether it truly is analysis, huge details, finance or the overall economy, it signifies that the two areas have taken a major phase forward in coordinating mechanisms and producing strides in institutional innovation,” the expert stated.

Enthusiast Gang, president of the China Development Institute, reported that the system will market the construction of the Hetao region to more integrate the economies of Hong Kong and the mainland, and empower the HKSAR to establish even further, hoping that this plan can be applied in a stable fashion.